Epson accuses former Singapore staff of fraud

The alleged fraud allowed employees to get bonuses for meeting sales targets which they may not have otherwise met.

A Bloomberg report said, “Seiko Epson Corp claimed three former employees in Singapore conspired with three suppliers to pay out funds based on fake or inflated bills.”

Epson’s lawyer Boey Swee Siang said at the Singapore High Court that part of the money was then kept in a “secret fund” used to provide unauthorized rebates to dealers and distributors.

According to the lawsuit, Japan-based Epson is accusing Felicia Gan, the former sales head of its Singapore operations, of being the “mastermind behind the rogue employees’ scheme”. The suit also claims Gan conspired with former colleagues Kimberly Ong and Lawrence Tan to instruct the suppliers to issue the fake or inflated bills.

View the report here.

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